. hello and welcome to inside politics. i m john king in washington. thank you for sharing a busy breaking news day with us. the fbi searching joe biden s rehoboth, delaware home right now. this as the special counsel is investigating how classified documents ended up where they don t belong, marks his first day on the job. plus, the speaker summit. today kevin mccarthy finally si sits down with joe biden at the white house for the first time as house speaker. expectations are low, but the stakes, including for you, are quite high. nikki haley is ready to take the 2024 plunge. cnn learned a formal presidential campaign announcement is coming. she would be the second to declare, others timid because donald trump went first. we all know he s never kind to competition. we begin the hour with a remarkable legal event happening right now. the fbi is searching president biden s vacation home in rehoboth beach, delaware. the president s attorney plays down the significance s
keep the government from defaulting. early this afternoon bulletins went out via the new york times and the wall street journal that president obama and house speaker john boehner were close to an agreement on debt reduction on a deal there, but the white house is shooting those stories down. listen up. the breaking news report that you all probably received is incorrect. there is no deal. we are not close to a deal. the fact is that there is no progress to report, but we continue to work on getting the most significant deficit reduction package possible. you can see that is a flat-out denial from the white house, but keep in mind we had two major news operations reporting pretty much the same thing this a deal was in reach. let s go to kate balduan joining us live from capitol hill. kate, what are your sources saying up there about this? reporter: a couple of things on this. you heard there from the president s spokesman jay carney. we ve, of course, been asking ab